Form 4: SEIC Executive Sells Shares, Acquires More via ESPP
Insider Transaction Report
SEI Investments Co. executive Philip McCabe reported the sale of 15,000 common shares and the acquisition of 297.33 shares through the Employee Stock Purchase Plan.
Summary
- Philip McCabe, Executive Vice President and Head of SEI's Investment Managers business, reported a transaction on April 23, 2026.
- McCabe sold 15,000 shares of common stock at a weighted average price of $91.82 per share, with prices ranging from $91.50 to $92.15.
- Following the sale, McCabe beneficially owns 54,884.45 shares of common stock directly.
- Additionally, McCabe acquired 297.3305 shares of common stock through the Employee Stock Purchase Plan since the last filing.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports both a sale and an acquisition by an executive, balancing out potential interpretations of insider sentiment.
Positives
- Acquisition of 297.3305 shares through the Employee Stock Purchase Plan indicates continued participation in company stock ownership by management.
- The sale was executed at a weighted average price, suggesting a structured approach to divestment rather than a single opportunistic sale.
Negatives
- A significant sale of 15,000 shares by a key executive may be interpreted as a reduction in direct beneficial ownership.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. While the sale of shares by an executive is a common occurrence, the magnitude of the sale and the simultaneous acquisition through an ESPP provide insights into management's ongoing engagement with the company's stock.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Philip McCabe granted power of attorney to several individuals to execute Forms 3, 4, and 5 on his behalf. | 10/27/2023 | Ensures timely and accurate filing of insider transaction reports, delegating administrative responsibility. |
Stakeholder Impact
- Shareholders: The sale of shares by an executive may lead to questions about management's confidence, though the ESPP acquisition mitigates this concern. The sale is at a weighted average price, indicating a structured divestment.
- Employees: The acquisition through the Employee Stock Purchase Plan demonstrates continued employee participation in company stock, potentially fostering a sense of shared ownership.
Key Dates
| Date | Description |
|---|---|
| 10/27/2023 | Date of execution for the Power of Attorney document. |
| 04/23/2026 | Date of earliest transaction reported in Form 4. |
| 04/24/2026 | Date of signature for the Form 4 filing. |
Keywords
SEI Investments, SEIC, Form 4, Insider Trading, Stock Sale, Employee Stock Purchase Plan, Philip McCabe, Beneficial Ownership
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